CLW Real Estate Services Group Joins Cassidy Turley Addition Bolsters Cassidy Turley's National Tenant Rep and Corporate Services Capabilities

WASHINGTON, Jan. 2, 2013 /PRNewswire/ -- Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Tampa, Florida-based CLW Real Estate Services Group has joined the firm and will operate as Cassidy Turley.

The new merger expands Cassidy Turley's national tenant representation and corporate services capabilities by adding a team of industry veterans who average more than 20 years of experience in commercial real estate.While CLW was consistently one of the top commercial real estate services firms in the Tampa Bay market and one of the largest privately held services firms regionally, 60% of its brokerage business is derived from office and industrial tenant representation and corporate services activity outside of Florida and across the U.S. CLW also brings its Project Leasing, Property Management, Project Management and Seniors Housing services to Cassidy Turley.

"From the beginning, we've focused on the addition of top talent that blends seamlessly with our culture," said Joe Stettinius, Chief Executive Officer of Cassidy Turley. "With CLW, not only do we achieve that, but we also bolster our efforts to expand tenant representation and corporate services and address clients' needs across multiple markets. This truly is a combination of like-minded firms wholly focused on delivering exceptional service and advice. That combination is a key component to our continued robust growth."

With the merger, CLW Principals Doug Rothschild and Lou Varsames will serve as Executive Managing Directors. Cassidy Turley's Tampa office will combine with CLW's existing operations, which include over 20 brokerage professionals and approximately 100 total employees.

"We've achieved the best of both worlds by joining Cassidy Turley," Mr. Varsames said. "Our partnership vastly enhances the resources and opportunities available to our team and enhances our ability to best serve clients. At the same time, we're enabled and encouraged to maintain the entrepreneurial culture and operational focus that helped us build such a successful company in the first place while combining with a culture and strategic vision that's a perfect fit for us."

CLW expands Cassidy Turley's Florida presence by adding offices in Orlando and Jacksonville and brings an extensive list of national corporate clients.  

"Our match with Cassidy Turley works because of our shared focus on client services and providing each client with a tailored approach to their needs," Mr. Rothschild said. "We've had similar discussions with potential suitors over the past decade, but our shared commitment and approach in combination with a flexible operational platform brought us together with Cassidy Turley. We don't necessarily want to be the biggest commercial real estate services firm but the best, as measured by our responsiveness to clients and their needs."

About CLW Real Estate Services Group
Established in 1988 and headquartered in Tampa, FL, CLW is a national full-service commercial real estate firm providing Office, Industrial, Senior Housing, Property and Corporate Services throughout the United States. In the past five years,CLW successfully completed more than 1,275 transactions totaling 26 Million square feet across more than 40 states, Canada, Panama and the Virgin Islands. CLW was named a top Commercial Property Management Firm in Tampa Bay from 2009-2011 and a Top Commercial Real Estate Brokerage from 1997-2011 by the Tampa Bay Business Journal and also won NAIOP Tampa Bay's 2010 Outstanding Industrial Building award for the New Tampa Commerce Center Development.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

SOURCE Cassidy Turley



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